JMP Securities Boosts CyberArk Software (NASDAQ:CYBR) Price Target to $480.00

CyberArk Software (NASDAQ:CYBR) had its price objective boosted by JMP Securities from $390.00 to $480.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a market outperform rating on the technology company’s stock.

Other equities analysts have also recently issued reports about the company. Truist Financial upped their price objective on CyberArk Software from $350.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Morgan Stanley boosted their target price on CyberArk Software from $316.00 to $390.00 and gave the company an “equal weight” rating in a research note on Friday. Royal Bank of Canada boosted their target price on CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Susquehanna boosted their target price on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, Citigroup boosted their target price on CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $401.67.

CyberArk Software Trading Down 0.2 %

CYBR opened at $413.31 on Friday. The stock has a 50-day moving average price of $346.11 and a 200-day moving average price of $306.73. CyberArk Software has a 12-month low of $223.09 and a 12-month high of $419.49. The stock has a market capitalization of $18.01 billion, a P/E ratio of 1,530.83 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. On average, equities research analysts predict that CyberArk Software will post -0.58 EPS for the current year.

Institutional Trading of CyberArk Software

Several hedge funds and other institutional investors have recently made changes to their positions in CYBR. Creative Planning boosted its stake in CyberArk Software by 14.0% during the 3rd quarter. Creative Planning now owns 11,971 shares of the technology company’s stock valued at $3,491,000 after purchasing an additional 1,471 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in CyberArk Software by 26.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,123 shares of the technology company’s stock valued at $1,202,000 after purchasing an additional 852 shares during the last quarter. Blue Trust Inc. boosted its stake in CyberArk Software by 49.4% during the 3rd quarter. Blue Trust Inc. now owns 1,155 shares of the technology company’s stock valued at $316,000 after purchasing an additional 382 shares during the last quarter. Nepsis Inc. boosted its stake in CyberArk Software by 2.9% during the 3rd quarter. Nepsis Inc. now owns 57,239 shares of the technology company’s stock valued at $16,691,000 after purchasing an additional 1,595 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in CyberArk Software by 45.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 171,893 shares of the technology company’s stock valued at $50,126,000 after purchasing an additional 53,502 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.